Bitcoin This Week: Dollar Strength Hits 2025 Peak

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Bitcoin faced a resurgent US dollar index and macro hurdles as it circled $64,000, but July seasonality could spark BTC price relief.

Bitcoin (BTC) treads water at $64,000 to start the week, but market participants see plenty of catalysts coming.

The US dollar is on the rebound, and history shows that Bitcoin rarely enjoys a strong DXY.

July often does the opposite of June, and this forms the case for BTC price relief next.

PCE inflation data is due out against a backdrop of uncertain US-Iran peace.

Bitcoin’s relationship to oil prices is boosting the odds of $60,000 support holding.

Short-term holders may have sold off, but whales are not interested in “capitulation” at current prices.

Bitcoin traders eye new US dollar challenge

A familiar headwind for Bitcoin price action is back in focus this week amid ongoing efforts to end the US-Iran war.

The US dollar index (DXY) is back above 100, and has hit its highest levels in over a year, per data from TradingView.

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